New Issue - USAA prices $1.4 bln car loan notes

Newswire

NEW YORK, July 13 (Reuters) - United Services Auto Association (USAA), priced on Tuesday $1.4 billion in asset-backed securities backed by car loans it made, a person close to the deal said.

Barclays Capital and J.P. Morgan Securities jointly headed the deal's underwriting team that included Banc of America Securities LLC, Citigroup Global Markets, Deutsche Bank Securities and Wachovia Securities, the source said.

USAA, based in San Antonio, Texas, provides financial ...

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